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Tax News: Egypt to receive tax information exchange support

Egypt became an active member of the OECD's base erosion and profit shfiting Inclusive Framework in July 2016.
09.03.18 | Interesting article at Tax News

Egypt is to receive international support to implement new measures in the area of tax transparency and information exchange.

Unveiled at a meeting on international tax reform in Cairo on March 7, the OECD and Egypt agreed a new project entitled "Enhancing Domestic Resource Mobilization in Egypt through a better tax and exchange of information system." It is to receive funding from the European Union.

Egypt became an active member of the OECD's base erosion and profit shfiting Inclusive Framework in July 2016. By adopting the Inclusive Framework, Egypt has agreed to implement BEPS minimum standards, including removing any harmful tax provisions from its domestic tax regime, amending its tax treaty rules to prevent treaty abuse, implementing country-by-country reporting rules and exchanging these reports with other countries, and working with other adopters to improve cross-border tax dispute resolution mechanisms.